The Foundations of Financial Crime Prevention

International Compliance Association via edX Professional Certificate

Overview

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Elevate your career with our internationally recognised Foundations of Financial Crime Prevention Professional Certificate. This course equips you with a strong understanding of financial crime, including fraud, bribery, corruption, identity theft, and cybercrime. With such knowledge, you'll be prepared to tackle the escalating challenges in the financial crime landscape and make a significant contribution to safeguarding business interests.

Created by the subject matter experts within the International Compliance Association, this certificate program not only teaches you what the financial crime risks are but the ways in which they can be mitigated through effective risk assessments, strategies and policies. You'll further learn how to navigate the complex landscape of financial crime and uphold ethical standards within your organisation.

By completing this course, you're setting the stage for a successful career in a multitude of roles, such as regulatory compliance officer, fraud investigator, anti-money laundering specialist, and risk manager. These roles could be in various sectors, including banking and finance, law, gaming, real estate, and cybersecurity. This course provides the knowledge needed to excel in these roles and advance in your career.

In a world where financial crime can have devastating financial, reputational and social consequences, this course is designed to empower you to make a real difference.

Syllabus

Courses under this program:
Course 1: Understanding Financial Crime

Explore the elements of financial crime, the motivations of those committing financial crime, and the risks brought by it through an analysis of fraudsters' behaviour and common signs.

Course 2: Fraud Typologies and Controls

Discover how firms can mitigate the risk of falling victim to fraud and other financial crimes for themselves, their customers, or their employees.

Course 3: Financial Crime Concepts

Discover the interrelationships between fraud and cybercrime, bribery and corruption and other crimes that fall under the financial crime ‘umbrella’, as well as how an effective fraud response plan can mitigate risk for firms.

Courses

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4 weeks, 1-2 hours a week, 1-2 hours a week
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Explore the elements of financial crime, the motivations of those committing financial crime, and the risks brought by it through an analysis of fraudsters' behaviour and common signs. The course aims to provide a clear understanding of what financial crime entails by breaking down different financial crimes such as money laundering, insider dealing, market abuse, and various types of fraud. It goes beyond simply defining these terms but delves into the mechanics of these illegal activities and their impact on the financial sector.

One of the key objectives of this course is to explain the motives behind financial crime. By understanding why these crimes are committed, you will be better equipped to identify potential risks and implement preventative measures. The course also details the common behavioural characteristics of fraudsters, giving you an insight into the mindset of those who commit these crimes and the practical knowledge to identify some common warning signs of potentially fraudulent activities.

This course is ideal for professionals working in or aspiring to work in areas where financial crime prevention is important to their role. Such areas include compliance roles, risk functions, those with fraud prevention responsibilities and regulatory representatives. While it offers valuable insights for all professionals, it is best suited for individuals early in their careers.
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4 weeks, 1-2 hours a week, 1-2 hours a week
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Discover how firms can mitigate the risk of falling victim to fraud and other financial crimes for themselves, their customers, or their employees. After this course you will understand the essential elements of an anti-fraud strategy, including the fraud and ethics policy, the fraud response plan and a risk assessment.

You will appreciate the different elements to be considered by a financial crime manager when producing an organisation’s risk profile, what internal measures will reduce the risk of fraud, and why a fraud-averse culture is crucial to an organisation.

Further, the course examines the vulnerability of customer accounts to fraud and outlines various types of fraud such as deposit fraud, fraudulent credit applications, employee-related lending fraud, and credit card fraud, enhancing your ability to spot and mitigate these risks.

This course is ideal for professionals working in or aspiring to work in areas where financial crime prevention is important to their role. Such areas include compliance roles, risk functions, those with fraud prevention responsibilities and regulatory representatives. While it offers valuable insights for all professionals, it is best suited for individuals early in their careers.
0 reviews
4 weeks, 1-2 hours a week, 1-2 hours a week
View details

Discover the interrelationships between fraud and cybercrime, bribery and corruption and other crimes that fall under the financial crime ‘umbrella’, as well as how an effective fraud response plan can mitigate risk for firms.

You will gain insight into the impact of identity theft and fraud on victims and learn effective ways these crimes can be prevented, as well as an understanding of the complex landscape of cybercrime – revealing the multitude of malicious disruptions in our digital world.

In addition, you will gain a comprehensive understanding of the darker aspects of bribery and corruption. This includes learning about the international initiatives in place to combat these crimes.

The learning will also enable you to appreciate the importance of mitigating risk once fraud has been identified within a firm. This includes knowledge of whistleblower protections and the processes involved in internal investigations when fraud is suspected.

This course is ideal for professionals working in or aspiring to work in areas where financial crime prevention is important to their role. Such areas include compliance roles, risk functions, those with fraud prevention responsibilities and regulatory representatives. While it offers valuable insights for all professionals, it is best suited for individuals early in their careers.